iunit 501 not on market downtown los angeles condo

“By leveraging our relationships and database, we created a competitive environment and netted the most profit for our client.”įor more information, or to contact Taylor Avakian and Charles Wright, please visit About Matthews™ “We were able to get this deal closed before the end of the year even with the challenges of high insurance costs and rising interest rates,” Wright said. The facility offers a low unit basis with an attractive gross rent multiplier and rental upside. Each unit has been recently renovated, containing new cabinetry, countertops, and flooring. “Our client was able to dispose of a difficult estate to exchange into better real estate to hold long term.”ĥ01 South Rampart Boulevard is near Downtown L.A. “The property is management-intensive with several facilities needing to be updated or fixed,” Avakian said. The buyer, Flintrock Management Inc., acquired the property to expand its presence in the direct market. The seller, Cherry Shopping LLC, achieved its goal of relinquishing the property at the market’s peak to reallocate capital after 20 years of ownership. Matthews™ created a competitive buying pool, bringing in numerous qualified offers, ultimately closing at a sub 4.75 percent cap rate. Associate Vice President Taylor Avakian and Market Leader Charles Wright represented the seller in the transaction. The property boasts over 26,000 square feet and offers easy access to interstates 405 and 101. Fill out the online form.Los Angeles- Matthews Real Estate Investment Services ™, a commercial real estate investment services and technology firm, completed the $5,800,000 sale of a 48-unit multifamily complex located at 501 South Rampart Boulevard, Los Angeles, CA. Please add your own review of ten50 in the commentsīuilt in 2016, TEN50 features an approximately 13,000-square-foot indoor/outdoor amenity deck, including “The Fifty”, a private residential lounge that flows seamlessly from the resort-style pool to the therapeutic yoga garden with sweeping city views, as well as the country’s first air-delivery-ready drone landing pad.įind the right upscale Loft or Condo of your dreams with this tool. It is in the center of LA so it has great views and is a really nice clean building. It has great amenities and good location. Nice condo, good for young professionals with easy access to the Downtown business district.Īs a new build, it’s a modern condo wonder. Lots of restaurants, bars, coffee shops and grocery within walking distance.

The staff and services are fantastic and it is a very well designed building. I have been living here for a while, only have good things to say.

#Southpark #Ten50Building Here are some reviews from people who know the building and have lived there. Once recognized as purely a concentration of careers in finance and fashion, nearly half a million people work every day in downtown Los Angeles. North of TEN50, The Broad Museum has spurred a new wave of artistic ingenuity and welcomes thousands of visitors each week. Grand Ave, and Apple’s purchase of the historic Tower Theatre for a new flagship store has cemented the community at the core of development in Southern California. TEN50, on the corner of 8th Street and S. TEN50 FOR SALE | FOR LEASE | UNLISTED | NEW LISTINGS Ten50 reviews are 4 and 5 stars by people who call it home.

Iunit 501 not on market downtown los angeles condo